Management MCQs

Exchange of ideas, opinions, information etc. between two or more persons is________.

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A. Planning
B. organizing
C. Communication
D. Staffing
✅ The correct answer is option C.
Exchange of ideas, opinions, information etc. between two or more persons is Communication. Communication is simply the act of transferring information from one place, person or group to another. Every communication involves (at least) one sender, a message and a recipient.

Services provided by financial institutions as providing financing to any specific sector of economy such as real estate business are classified as

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A. business allocation
B. sector allocation
C. economic allocation
D. credit allocation
✅ The correct answer is option D.
Services provided by financial institutions as providing financing to any specific sector of economy such as real estate business are classified as credit allocation. The financing (credit) which a bank or financial institution (FI) provides for particular sectors of the economy, such as small businesses, farming, services, residential real estate, etc.

Less tax rate in a state get intention of

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A. imports
B. exports
C. direct foreign investment
D. privatization
✅ The correct answer is option C.
Less tax rate in a state get intention of direct foreign investment. A foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires foreign business assets in a foreign company.

In customer cost hierarchy, costs of those activities that cannot be traced to distribution channels or individual customers are called

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A. discretionary channel costs
B. corporate-sustaining costs
C. distribution-channel costs
D. engineered resource costs
✅ The correct answer is option B.
In customer cost hierarchy, costs of those activities that cannot be traced to distribution channels or individual customers are called corporate-sustaining costs.

The operations Research technique which helps in minimizing total waiting and service costs is.

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A. Queuing Theory
B. Decision Theory
C. Both A and B
D. None of the above
✅ The correct answer is option A.
The operations Research technique which helps in minimizing total waiting and service costs is Queuing Theory. Queuing theory (or “queueing theory”) examines every component of waiting in line to be served, including the arrival process, service process, number of servers, number of system places, and the number of customers—which might be people, data packets, cars, etc.

1. Use of a foreign language is a linguistic or ___________ barriers, 2. Multiple meaning of words can create ________ barriers, 3. Lack of coordination between department causes ________ barriers,

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A. Semantic, cultural, individual
B. Noise, physical, individual
C. Cultural, semantic, organizational
D. Channel, cultural, semantic
✅ The correct answer is option C.
Use of a foreign language is a linguistic or Cultural barriers,
2. Multiple meaning of words can create semantic barriers,
3. Lack of coordination between department causes organizational barriers

In business, the purpose of writing is mainly to

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A. entertain
B. Both inform and persuade
C. persuade
D. inform
✅ The correct answer is option B.
In business, the purpose of writing is mainly to both inform and persuade. The most popular are to inform, to entertain, to explain, or to persuade. However, there are many more including to express feelings, explore an idea, evaluate, mediate, problem solve, or argue for or against an idea. Writers often combine purposes in a single piece of writing.

In simplex method, if there is tie between a decision variable and a slack (or surplus) variable, __________ should be selected.

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A. Slack variable
B. Surplus variable
C. Decision variable
D. None of the above
✅ The correct answer is option C.
In simplex method, if there is tie between a decision variable and a slack (or surplus) variable, Decision variable should be selected. A decision variable is a quantity that the decision-maker controls.